Jersey City mayoral hopeful Steve Fulop saw a serious dip in his fundraising in the first quarter of 2013, raising just $49,688, less than a quarter of what Fulop rival Mayor Jerramiah Healy raised in those three months, according to campaign finance documents.

Fulop, who represents Ward E on the City Council, raised $217,054 in the final quarter of 2012 in his bid to unseat Healy in the May 14 citywide election, his campaign reported to the state Election Law Enforcement Commission.

Still, thanks to strong fundraising last year, Fulop is sitting on a $145,485 war chest, nearly three times what Healy’s mayoral campaign has on hand, the documents show.

Fulop’s team of nine council candidates, meanwhile, raised $261,187 last quarter and is sitting on $140,268, a war chest also three times what Healy’s council hopefuls have.

In a meeting with editors from The Jersey Journal earlier this month, Fulop conceded that President Obama’s endorsement of Healy put a dent in his fundraising efforts.

The election is Tuesday, May 14. The mayoralty and all nine council seats are up for grabs.